Barclays Selects Texas for New Tech Service Center

McKinney, TX – London-based Barclays Bank has selected McKinney, Texas, as the site for its newest “innovative technology” center.

The new 40,000-square foot center” will support the bank’s global operations “by providing technology support to the business and develop solutions for all the group’s activities and requirements including personal banking, credit cards, corporate and investment banking and wealth management,” the bank said.

The move by the international financial services provider is a major score for the McKinney Economic Development Corporation (MEDC), which opened talks with Barclays in December 2013, when the UK-based bank expressed interest in siting its new operation in Texas.

The MEDC worked closely with the City of McKinney staff and City Council, the McKinney Community Development Corporation (MCDC), and others “to efficiently work on an expedited time frame. Barclays plans to move into McKinney Corporate Center in the fall of 2014,” the economic development agency said.

McKinney “presented Barclays a competitive opportunity with a high profile location along the Sam Rayburn Tollway, a highly educated and abundant labor pool, and sufficient parking for their employees,” said McKinney Economic Development Corporation Board Chairman, Ernest Lynch. “Our economic development team was able to move quickly to address Barclays’ needs.”

The new tech center will be sited in Craig Ranch, a 2,200-acre business, retail and residential community in McKinney, which is located about 30 miles north of Dallas and is considered one of the fastest-growing cities in the US.